Summary and book reviews of The Millionaire Next Door by Thomas Stanley

The Millionaire Next Door

The Surprising Secrets of America's Wealthy

by Thomas J. Stanley, William D. Danko, Ph.D.

The Millionaire Next Door by Thomas J. Stanley, William D. Danko, Ph.D. X
The Millionaire Next Door by Thomas J. Stanley, William D. Danko, Ph.D.
  • Critics' Opinion:

    Readers' Opinion:

  • First Published:
    Oct 1996, 258 pages
    Paperback:
    Sep 1998, 255 pages

  • Rate this book


Buy This Book

About this Book

Book Summary

The incredible national bestseller that is changing people's lives -- and increasing their net worth!

Can You Spot The Millionaire Next Door?

  • Who are the rich in this country?
  • What do they do?
  • Where do they shop?
  • What do they drive?
  • How do they invest?
  • Where did their ancestors come from?
  • How did they get rich?
  • Can I ever become one of them?

Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You'll be surprised at what you find out....

Chapter One:
Meet The Millionaire Next Door

These people cannot be millionaires! They don't look like millionaires, they don't dress like millionaires, they don't eat like millionaires, they don't act like millionaires -- they don't even have millionaire names. Where are the millionaires who look like millionaires?

The person who said this was a vice president of a trust department. He made these comments following a focus group interview and dinner that we hosted for ten first-generation millionaires. His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case.

As a matter of fact, our trust officer friend spends significantly more for his suits than the typical American millionaire. He also wears a $5,000 watch. We know from our surveys that the majority of ...

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

Reviews

Media Reviews

USA Today
A nerve has been hit....[For] people who want to become wealthy.

Boston Globe
A primer for amassing wealth through frugality.

The Washington Post
A remarkable book.

USA Today
A nerve has been hit....[For] people who want to become wealthy.

Forbes
The implication of The Millionaire Next Door...is that nearly anybody with a steady job can amass a tidy fortune.

The Washington Post
A remarkable book.

Forbes
The implication of The Millionaire Next Door...is that nearly anybody with a steady job can amass a tidy fortune.

Reader Reviews

Jojo

This was a paradigm shift from the "greed is good" media message. Very informative and pleasant to read. I thought it would be full of boring stats but it broke down the information so that wherever you are in your life, you could easily ...   Read More

Charles

Should be required reading for High School students. If not in school, it will be in my home.

chapa

This book changed my way of thinking about money and personal goals

Will

The guy that hatedt his book probably wants to believe that millionaires are born and not made, or that luck plays an important part in becoming wealthy, but if you want to know the truth about wealth building, this book which details a stufy of the ...   Read More

Write your own review!

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

Readalikes

Readalikes Full readalike results are for members only

If you liked The Millionaire Next Door, try these:

Non-members are limited to two results. Become a member
Search Readalikes again
How we choose readalikes

Books with similar themes


Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

Editor's Choice

  • Book Jacket: Confessions of an Innocent Man
    Confessions of an Innocent Man
    by David R. Dow
    It is circumstance that carries the wave that sweeps trendy Houston restaurateur Rafael Zhettah to ...
  • Book Jacket: Memories of the Future
    Memories of the Future
    by Siri Hustvedt
    I've never kept a journal, but my mother has written in hers for years, the annual volumes she's ...
  • Book Jacket: Professor Chandra Follows His Bliss
    Professor Chandra Follows His Bliss
    by Rajeev Balasubramanyam
    Rajeev Balasubramanyam encapsulates the theme of Professor Chandra Follows his Bliss in its first ...
  • Book Jacket: The Workshop and the World
    The Workshop and the World
    by Robert P. Crease
    The longest glacier in France, the Mer de Glace, is losing roughly 12 feet of ice height each year. ...

Readers Recommend

  • Book Jacket

    When We Left Cuba
    by Chanel Cleeton

    An exhilarating historical novel from the author of Next Year in Havana, a Reese Witherspoon Book Club pick.
    Reader Reviews

  • Book Jacket

    The Affairs of the Falcóns
    by Melissa Rivero

    A beautiful, urgent novel about the lengths one woman is willing to go to build a new life.
    Reader Reviews

Book Club
Book Jacket
An American Marriage
by Tayari Jones

A masterpiece of storytelling, and a 2018 Oprah's Book Club Selection.

About the book
Join the discussion!
Book Club Giveaway!
Win Ecstasy

Win copies to share with friends or your book club!

Ecstasy reveals the true Alma Mahler: composer, author, daughter, mother, wife, lover, and muse.

Enter

Word Play

Solve this clue:

A B Penny A T U

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends the best in contemporary fiction and nonfiction—books that not only engage and entertain but also deepen our understanding of ourselves and the world around us.